Indonesia’s state-owned energy behemoth, Pertamina, is reportedly diversifying its international upstream portfolio through the acquisition of a new oil block in Gabon, West Africa. Pertamina Hulu Energi, a subsidiary of…
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Woodside Energy has agreed to postpone seismic surveying for its US$12 billion Scarborough and Pluto Train 2 gas project in Australia atter the Environmental Defenders Office (EDO) mounted an eleventh-hour…
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In the NewsMarkets
Baowu Steel Group Teams Up with Winning Consortium Simandou for Iron Ore Project in Guinea
In a significant move for both the steel and mining sectors, China’s Baowu Steel Group has entered into a strategic partnership with the Chinese-backed Winning Consortium Simandou (WCS). The alliance…
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Amidst the activities of the Angola Oil & Gas (AOG) 2023 conference and exhibition in Luanda, a specialized session brought to light emerging trends and challenges in the oil and…
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The African Refiners and Distributors Association (ARDA), in partnership with the African Union, has announced plans to standardize petrol grades across Africa by 2030 to improve public health and energy…
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Europe’s once-thriving industrial sector is facing an unprecedented challenge. Gas consumption in the region has seen a dramatic drop, registering a decline of 10% to 15% when compared to the…
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In the NewsMarketsOil & Gas
Oil Markets Experience Sharp Rise, Hitting 10-Month High Amidst Supply Uncertainties
In the evolving landscape of the oil industry, prices shot up to new 10-month highs, pushed by increasing apprehensions over a possible global supply crunch. The situation in Libya, marked…
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Angola’s thriving oil industry recently received a strong endorsement from Afentra’s CEO, Paul McDade, following the company’s brisk move into the nation’s market. McDade expressed confidence in Angola’s oil industry…
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In a landmark decision highlighting the climate change urgency, G20 nations have pledged to boost global renewable energy investments to an impressive $4 trillion per year by 2030. This commitment…
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Greenpeace, known for its environmental activism, has taken a unique approach to prevent oil exploration in the Democratic Republic of Congo (Congo Kinshasa). The NGO is now targeting insurance companies,…